More than 100,000 families avail of the government’s home purchase subsidies

More than 100,000 families have taken advantage of the government’s CSOK housing subsidy scheme since its introduction in July 2015, the state secretary for youth and family affairs said on Friday.

Families have availed of some 300 billion forints (EUR 931m) in grants in the framework of the scheme, Katalin Novák told reporters in Budapest.

Calculating with an average of four people per household, the subsidies have helped some 420,000 people, she said.

Novák noted that under the government’s family protection action plan, from July, families can avail of a preferential loan which can be used for buying second-hand homes.

Under the plan, couples who have or commit to having two children are eligible for 10 million forints and couples with three children for 15 million forints in preferential loans, she said.

Novák noted that the state will pay 1 million forints of the principal of mortgage loans of families after the birth of their second child. After the birth of a third child, it will pay 4 million, and 1 million forints after the birth of each subsequent child.

Source: MTI